In late 2015 we initiated a long term long position in Pfizer (PFE) with the idea that we could own something that was unfairly punished on the merger announcement with Ireland based Allergan. We wanted …
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Back in late November, the day the long rumored buyout/merger agreement between Pfizer (PFE) and Ireland based maker of Botox, Allergen (AGN) was announced, I said the weakness in PFE leading up to the deal made the stock …
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On November 23rd Pfizer (PFE) officially announced their rumored takeover/ inversion of Ireland based Allergan (AGN). Both stocks sold of the day of the announcement and we felt the initial move was likely wrong and …
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This morning Pfizer (PFE) announced the long rumored buyout/merger agreement with Ireland based maker of Botox, Allergen (AGN), valuing it at $160 billion. While cost cutting and empire building are at the heart of the …
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Last July, Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig referred to Deutsche Bank as “horribly undercapitalized” and that the largest European banks has “no margin of error”. Since that time the bank has raised billions in …
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CNBC Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter. Meanwhile, consumer prices …
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Here’s the important parts of the S&P release. In bold is the issue we’ve been incessantly talking about here at Risk Reversal for the past few months. (via WSJ) We have lowered the long-term ratings …
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Seeking Alpha Today’s Markets In Asia, Japan +1.1% to 10082. Hong Kong -1.0% to 22518. China -0.2% to 2810. India -0.1% to 18727. In Europe, at midday, London -0.6%. Paris -0.5%. Frankfurt -0.1%. Futures at …
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Seeking Alpha Thursday’s economic calendar: 8:30 Housing Starts 8:30 Initial Jobless Claims 8:30 Current Account 10:00 Philly Fed Business Outlook 10:00 House Hearing: Financial Regulatory Reform 10:30 EIA Natural Gas Inventory 4:30 PM Money Supply …
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This morning, after another batch of really crummy economic data was released, I asked, somewhat rhetorically, on Quick Hits: Jun 1 2011, 10:13 AM CC: How long can the market shrug off what clearly looks …
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